Law 2101 Lecture Notes - Family Law, Community Property, Child Support
12 Mar 2014
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Valuation date (date of separation) = september 1, 2012. Assumes that there was no reasonable prospect of resumed cohabitation. H"s net family propertyvalue of assets- debt. **part 1 of family law act imposes deferred, equal sharing of economic gain during marriage. Economic gain attributed to relationship= net family property. No such thing has negative nfp, =sh. Deduct excluded property (property acquired by gifts) spouse who has it does not. If owned equally, its split up in two, unless owned previous to marriage by one share it. Income from property/ inheritance owned by one spouse, excluded if will says it was left to you only or from third person. Criminal compensation does not have to be shared, unless put in joint bank account. Special rules relating to matrimonial home: no deduction of. Value of mh at marriage and no exclusion of value of mh even if attributable to inheritance of gift.
